Although the S&P/ASX 200 (INDEXASX: XJO) index is yet to exceed the highs we saw in July, many shares last week hit 52-week or even all-time highs. The market seems to be putting all the August Sino–US trade war tensions behind us and September has been a strong month so far for ASX stocks.
But I think there are still some investing opportunities out there as we start a new week, so here are some ASX 200 stocks that I would look at spending $20 grand on this week.
Pact Group Holdings Ltd (ASX: PGH)
I recently picked up some shares in Pact as I think it's presenting compelling value at the current prices. Pact is a company that manufactures rigid plastic products such as milk crates and tomato sauce bottles. Pact shares have cratered over the past three years, falling from nearly $7 in February 2017 to around $2.35 as of last week. The company was forced to write down earnings dramatically as it experienced a spike in fixed costs, which ended up necessitating a restructure. But still, I think this company's long-term fundamentals are sound and the current share price is attractive.
Ramsay Health Care Limited (ASX: RHC)
I've noticed Ramsay shares have come off the boil recently too. Just last month, the stock was commanding a price around the $73 mark, but Ramsay closed last week at $65.30, making this a potential buying opportunity. I think Ramsay would be a great business to hold for the long-term – private hospitals will only become more desirable as our population ages.
I also think the government will keep pushing more and more people into the private system through tax breaks and other incentives, in order to keep pressure off the public system. All of these factors add up to a compelling case for this company, in my view.
BetaShares Nasdaq 100 ETF (ASX: NDQ)
I still think the Nasdaq index is a place that every investor should be looking. Exciting new companies like Uber are consistently joining the Nasdaq, and I believe that it's the most forward-looking index in the world. BetaShares Nasdaq is an ETF (exchange traded fund) that holds the top 100 Nasdaq companies, so you're getting diversification as well as great names like Apple and Amazon, all under one roof.
Foolish takeaway
I think all three of these investments would be great places to deploy $20,000 this week on the markets. Both Ramsay and Pact are looking cheap at the moment, and BetaShares Nasdaq is always a good investment in my view, so don't listen to those saying there's nothing good out there at the moment!
